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https://mobile.twitter.com/Breedlove22/status/1141567060847149056

This thread from 2019 lays it out pretty well. It is the hardest currency, and that's where societies traditionally migrate. We currently have the softest currency in the history of mankind. Nobody will escape this black hole.

https://mobile.twitter.com/Breedlove22/status/1141567060847149056 This thread from 2019 lays it out pretty well. It is the hardest currency, and that's where societies traditionally migrate. We currently have the softest currency in the history of mankind. Nobody will escape this black hole.

(post is archived)

[–] • 2 pts

A fool and his money are soon parted.

Crypto is not an asset, it is not encrypted beyond the reach of government, it is not created by individuals for other individuals.

Can people make money swing trading? Yes.

Does that make it worth anything? Only what somebody will buy it for.

Even speculative assets. I.e. gold, silver, etc in your hand, isn't worth anything but what others will pay.

[–] • 0 pt

Even speculative assets. I.e. gold, silver, etc in your hand, isn't worth anything but what others will pay.

Yes. But others will pay a premium for something that has a finite supply, is in demand, and can be used for trade. The hard cap of 21 million is a big selling point to me compared to everything else

[–] • 1 pt

Beside having somebody willing to "pay" something for a bunch of bytes there is the debate on how to prove it is a bitcoin

Yes, ok, it is a chain of blocks that sums up, up to that point, but if there is no network how do you know what you are buying ?

[–] • 1 pt

You didn't link to the thread

[–] • 1 pt

Bitcoin will either be worth many magnitudes more than it is now, or nothing within the next 20 years. I am leaning towards the former, and there is no reason not to throw a little bit in that direction.

[–] • 0 pt

Look into privacy coins. ARRR, XMR and WOW. It's the future. Bitcoin will be regulated as everything about it is public information.

ARRR is the fastest growing crypto of all time but the Jews don't want you to know about it.

[–] • 1 pt

Yeah after suggested ARRR I've had my eyes on it and watched it moon in real time. Looks like many who are taking profits off the table are sneaking into it.

My monies are VERY much on the books so I'm not messing with that stuff too much. It is what it is